Volume XV No.I A Monthly Publication of the PHILIPPINE STATISTICS AUTHORITY - CORDILLERA ADMINISTRATIVE REGION
CPI by Commodity Groups
January 2015
Price Situation in the Cordillera
Consumer Price Index (CPI)
The Consumer Price Index of CAR in January, 2015 was 138.7, higher by 3.4 from last
year’s 135.3.
Generally, there was an increase in the CPI of all the provinces due to the increase in the
average prices of goods and services.
Table 1. Consumer Price Index by Province, CAR:
January, 2014 and January, 2015
(2006=100)
Province
January
Index Point
Change
2014
2015
CAR
135.3
138.7
3.4
Abra
129.7
130.6
0.9
Apayao
126.2
129.7
3.5
Benguet
136.6
141.3
4.7
Ifugao
140.4
142.5
2.1
Kalinga
132.7
133.9
1.2
Mt. Province
139.3
142.4
3.1
Among provinces, Ifugao posted the highest CPI at 142.5 followed by Mt. Province at
142.4 and Benguet at 141.3. On the other hand, Apayao posted the lowest at 129.7.
In terms of index point change, Benguet reported the highest at 4.7 while Abra was
lowest at 0.9
The Consumer Price Index is the general measure of the change in the average retail
prices of a market basket or collection of goods and services commonly purchased by
the average Filipino household.
CPI SPECIAL RELEASE
PSA - CORDILLERA
2
Among the commodity groups, under Alcoholic Beverages and Tobacco, Abra had
the highest consumer price index at 192.7 followed by Benguet and Kalinga at 190.2
and 187.5, respectively.
Food and Non-Alcoholic Beverages came next with Benguet having the most at
158.0 followed by Ifugao at 152.0.
Education had the third highest index by commodity group with Mt. Province having
the most at 175.5 followed by Kalinga at 157.3.
Communication had the lowest consumer price index, as Abra posted the highest
index at 111.3 while Apayao had the lowest at 77.7.
Across provinces, Apayao posted the lowest index except for Food and Non-
Alcoholic Beverages, Alcoholic Beverages and Tobacco, Recreation and Culture; and
Restaurants and Miscellaneous Goods and Services.
Table 2. Consumer Price Index by Commodity Group and by Province, CAR:
January, 2015
(2006=100)
Commodity Group
Province
CAR
Abra
Apayao
Benguet
Ifugao
Kalinga
Mt.
Province
All Items
138.7
130.6
129.7
141.3
142.5
133.9
142.4
Food and Non-Alcoholic
Beverages
151.7
139.9
146.1
158.0
152.0
143.4
151.6
Alcoholic Beverages &
Tobacco
185.8
192.7
185.5
190.2
175.6
187.5
167.5
Clothing and Footwear
128.0
138.4
114.7
123.2
144.9
119.0
143.9
Housing, Water, Electricity,
Gas and Other Fuels
130.4
111.8
105.0
142.6
130.8
110.8
129.2
Furnishing, Household
Equipment and Routine
Maintenance of the House
127.4
121.6
113.4
131.5
116.9
132.0
133.5
Health
129.1
119.1
109.8
135.2
113.9
125.4
131.4
Transport
128.5
148.3
114.6
125.8
132.0
138.5
125.6
Communication
83.1
111.3
77.7
79.9
99.1
77.9
86.3
Recreation and Culture
107.2
107.3
114.7
104.5
106.3
113.3
110.4
Education
147.4
143.8
140.9
138.3
155.8
157.3
175.5
Restaurants
and Miscellaneous Goods
and Services
126.3
114.8
126.8
124.9
144.3
127.2
133.1
3
By index point change, Alcoholic Beverages and Tobacco recorded the highest
change at 7.8 index. This was followed by Education and Food and Non-Alcoholic
Beverages at 6.6 and 5.2, respectively.
The rest of the commodity groups reported a minimal annual increase in their index
point change. Transport had a negative percent change.
Note:
1
includes Household Equipment and Routine Maintenance of the House
2
includes Miscellaneous Goods and Services
Inflation Rate
The Inflation Rate of CAR in January, 2015 was 2.5 percent, lower by 0.9 percentage
points from last year’s Inflation Rate.
Benguet posted the highest rate of 3.4 percent followed by Apayao and Mt. Province
with 2.8 and 2.2 percent, respectively. On the other hand, Abra posted the lowest
Inflation Rate at 0.7 percent.
January, 2015 Inflation Rate in all provinces is lower compared to last year except for
Benguet that increased in its inflation rate. It showed that the rate of change in the
average prices in Benguet is fast compared with the provinces that decreased in their
inflation rates.
Figure 1. Year-on-Year Consumer Price Index by Commodity Group,
CAR: January, 2014 and January, 2015
(2006=100)
135.3
146.5
178.0
124.3
127.8
125.6
127.8
132.1
82.9
107.0
140.8
123.2
138.7
151.7
185.8
128.0
130.4
127.4
129.1
128.5
83.1
107.2
147.4
126.2
0.0
50.0
100.0
150.0
200.0
All Items
Food & Non-Alcoholic
Beverages
Alcoholic Beverages &
Tobacco
Clothing & Footwear
Housing, Water,Elec.,
Gas & Other Fuels
Furnishings1
Health
Transport
Communication
Recreation and
Culture
Education
Restaurant2
January, 2014 January, 2015
-3.6
4
By Commodity Group, Year-on-Year
The annual inflation for All Items in the Cordillera was 2.5. Among the regions, CAR
had the higher annual gains.
By commodity, the year-on-year growth of the heavily-weighted Food and Non-
Alcoholic Beverages index in the Cordillera was 3.5 percent. Alcoholic Beverages
and Tobacco; Clothing and Footwear; Housing, Water, Electricity, Gas and Other
Fuels; Furnishing, Household Equipment and Routine Maintenance of the House;
Recreation and Culture and Restaurants and Miscellaneous Good and Services
decreased in their inflation rates. Health, Communication and Education indices
remained compared to the previous months’ indices. Transport had a negative index.
Table 3. Year-on-Year Inflation Rates by Commodity Groups,
CAR: January 2015 and December 2014 (2006 = 100)
Commodity Group
Inflation Rates
January
December
All Items
2.5
2.9
Food and Non-Alcoholic Beverages
3.5
3.9
Alcoholic Beverages & Tobacco
4.4
4.5
Clothing and Footwear
3.0
3.2
Housing, Water, Electricity, Gas and Other Fuels
2.0
2.5
Furnishing, Household Equipment
& Routine Maintenance of the House
1.4
1.5
Health
1.0
1.1
Transport
-2.7
-1.4
Communication
0.2
0.2
Recreation and Culture
0.2
0.3
Education
4.7
4.7
Restaurants and Miscellaneous Goods and Services
2.5
2.5
Figure 2. Year-on-Year Inflation Rates by Province, CAR:
January, 2014 and January, 2015
(2006=100)
3.4
3.0
3.7
2.9
3.9
5.5
4.0
2.5
0.7
2.8
3.4
1.5
0.9
2.2
0.0
1.0
2.0
3.0
4.0
5.0
6.0
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
January 2014 January 2015
5
By Commodity Group, Month-on-Month
In the region, the inflation rates for All Items increased at -0.1 percent during the
month compared to the previous month. The Food and Non-Alcoholic Beverages
index also increased at 0.1 percent. There was no change in the inflation rates for
the following commodity groups: Furnishing, Household Equipment & Routine
Maintenance of the House, Communication, Recreation and Culture, and Education.
Table 4. Month-on-Month Inflation Rates by Commodity Groups,
CAR: January 2015 and December 2014
(2006 = 100)
By Food Items, Year-on-Year
Generally, for the year-on-year inflation rates of selected food items for the region,
there was decrease for all food items. There was an annual decrease in the other
food groups. Food Products N.E.C index resulted in a two-digit value and had the
highest decrease of 2.6 in its inflation rate from 16.3% to 13.7%.
Corn; Milk, Cheese and Eggs remained in their inflation rates.
Commodity Group
Inflation Rates
January
December
All Items
-0.1
-0.5
Food and Non-Alcoholic Beverages
0.1
-0.3
Alcoholic Beverages & Tobacco
0.7
0.5
Clothing and Footwear
0.1
0.0
Housing, Water, Electricity,
Gas and Other Fuels
-0.6
-1.2
Furnishing, Household Equipment
& Routine Maintenance of the House
0.0
0.0
Health
0.0
0.1
Transport
-1.1
-0.7
Communication
0.0
0.0
Recreation and Culture
0.0
0.0
Education
0.0
0.0
Restaurants and Miscellaneous
Goods and Services
0.1
0.0
6
Table 5. Year-on-Year Inflation Rates of Selected Food Items,
CAR: January 2015 and 2014; December, 2014 and 2013
(2006 = 100)
*Includes flour, cereal preparation, bread, pasta and other bakery products
Purchasing Power of the Peso (PPP)
The value of the peso in CAR dropped to 72 centavos from last year’s 74 centavos.
Meaning, that market value of goods and services worth 72 centavos in January,
2006 were bought at one peso in January, 2015.
Compared to January, 2014, the PPP of four provinces decreased. Abra and Kalinga
remained in their PPP.
Apayao had the highest peso value at 79 centavos followed by Abra at 77 centavos
and Kalinga at 75 centavos. On the other hand, Ifugao and Mt. Province had the
lowest peso value, both at 70 centavos.
Food Items
Inflation Rates
Jan. 2015
Dec. 2014
Jan. 2014
Dec. 2013
Current
Previous
Bread and Cereals
151.2
151.0
144.2
143.8
4.9
5.0
Rice
147.1
146.9
139.6
139.0
5.4
5.7
Corn
157.4
157.1
151.2
150.9
4.1
4.1
Other Cereals*
165.2
165.1
160.1
159.9
3.2
3.3
Meat
134.8
134.6
130.7
130.2
3.1
3.4
Fish
162.4
162.0
157.6
156.9
3.0
3.3
Milk, Cheese and Eggs
133.4
133.2
131.2
131.0
1.7
1.7
Oils and Fats
177.6
177.6
176.7
176.2
0.5
0.8
Fruits
188.2
187.6
173.5
171.3
8.5
9.5
Vegetables
169.6
170.6
170.1
169.4
-0.3
0.7
Sugar, Jam, Honey,
Chocolate &
Confectionery
133.2
133.4
129.5
129.2
2.9
3.3
Food Products, N.E.C.
173.1
172.2
152.3
148.1
13.7
16.3
Explanatory Notes
Figure 3. Purchasing Power of the Peso by Province, CAR:
January, 2014 and January, 2015
(2006=100)
0.74
0.77
0.79
0.73
0.71
0.75
0.72
0.72
0.77
0.77
0.71
0.70
0.75
0.70
0.64
0.66
0.68
0.7
0.72
0.74
0.76
0.78
0.8
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
January, 2014 January, 2015
7
Consumer Price Index (CPI) is a general measure of the change in the average retail prices of a market basket
or collection of goods and services commonly purchased by the average Filipino household.
Inflation Rate (IR) is the rate of change in the average price level between two periods (year-on year/month-on-
month as measured by the CPI).
Purchasing Power of the Peso (PPP) measures how much the peso in the reference year is worth in another
year.
Base Year (BY) is the reference point of the index number series, at which the index number is set to zero.
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or
bought.
For more information, please contact:
Mail: PSA - CAR, Regional Office
141 Abanao Extension, Baguio City
Tel. Nos.: (074) 442-7449
Telefax No.: (074) 443-7763
Email: socd_psacar@yahoo.com
nso-car@pldtdsl.net
nsocar_statistical@rocketmail.com